Apple Inc. (NASDAQ:AAPL) is Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s 9th Largest Position

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,501,607 shares of the iPhone maker’s stock after selling 22,949 shares during the period. Apple accounts for about 3.0% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 9th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Apple were worth $345,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Amara Financial LLC. acquired a new position in shares of Apple in the third quarter valued at approximately $288,000. Sterling Investment Counsel LLC raised its holdings in Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC boosted its holdings in shares of Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after purchasing an additional 3,935 shares during the last quarter. Finally, Narwhal Capital Management grew its position in shares of Apple by 2.5% in the third quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock valued at $64,492,000 after purchasing an additional 6,711 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AAPL. Monness Crespi & Hardt raised their price target on Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. KeyCorp dropped their price target on shares of Apple from $200.00 to $170.00 and set an “underweight” rating for the company in a research report on Tuesday. UBS Group lifted their price target on shares of Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $240.26.

Insider Activity

In other news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $198.15 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The business has a 50 day moving average price of $222.87 and a two-hundred day moving average price of $231.14. The firm has a market cap of $2.98 trillion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.